Ceramic-Tile
5428 NW 3rd Ave, Miami, FL 33127
For Sale
$1,350,000
Residential Income, Miami, FL
Property Size2,830 SF
Price / SF$477.03
Days on Market121
Property Features for 5428 NW 3rd Ave
General Information
Property type
Property subtype
Property condition
Zoning description
Bedrooms
Full bathrooms
Rooms
Parking
Subdivision
Lot features
Standard status
APN
Size
Additional Details
Tenant in Place
Taxes and HOA fees
Tax Year
Tax Description
Tax Annual Amount
Legal Description
Utilities
Utilities
Sewer type
Heating system
Cooling system
Water source
Building Details
Year built
Floors in Building
Flooring type
Building materials
Roof type
Buildings
Listing Agency:
Phoenix Realtors LLC
(305) 615-1163
Listed By:
Marcela Ortiz · License FL #3426524
(754) 581-0137
Added: Jul 18
Changed: Nov 10
Last Checked: Nov 15 at 4:06PM
MLS# A11997633
Copyright © 2026 Miami REALTORS®. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
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Investment Insights
Based on property information with market context.
This duplex contains 2,830 square feet across two residential units, with six bedrooms and four full bathrooms in total. The property was built in 2024 and features block construction, ceramic tile flooring, central air conditioning, and central electric heat. Public water and sewer serve the property.
Key Highlights
- 2,830 square feet across two residential units
- Six bedrooms and four full bathrooms
- Built in 2024 with block construction
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$56,757
Cap Rate
4.20%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,135,140
$1.1M
Cap Rate 7%
$810,814
$810.8K
Cap Rate 9%
$630,633
$630.6K
Market Conditions
NOI Build-Up for 2,830 SF
Gross rent
$86.6K $30.60/SF
− Vacancy
−$5.5K −$1.95/SF
EGI
$81.1K $28.65/SF
− OpEx
−$24.3K −$8.60/SF
NOI
$56.8K $20.06/SF
Area
Miami, FL
Vacancy
6.37%
Lease Rate
$30.60 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,135,140
Cap Rate 7%
$810,814
Cap Rate 9%
$630,633
Alternative Uses
Best Use
Multifamily LT 5
$810.8K
$709.5K – $946.0K
NOI $56,757 @ 7.0% cap · market cap 4.20%
Second Best
Apartment 5plus
$746.9K
$653.5K – $871.3K
NOI $52,280 @ 7.0% cap · market cap 3.87%
Theoretical Best
Specialty Retail
$1.91M
$1.67M – $2.23M
NOI $133,719 @ 7.0% cap · market cap 9.91%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
2
Residential units
100%
Occupancy
Location Intelligence
Trade Area within ½ mile
1,646
Businesses Nearby
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Business Placement
Demographics for 33127, FL
27,692
Population
11,245
Households
2.5
Avg Household Size
37
Median Age
13%
College-Educated
69%
High-School Grad
3.3 sq mi
ZIP Area
8,392
Density / Sq Mi
$41,125
Median Household Income
$30,240
Median Earnings
$1,394
Median Rent
$398,800
Median Home Value
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Market
Average Price Trend$/SF for Duplexes in Miami, FL
Properties on Market for Duplexes in Miami
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Duplex - Two residential units offer a combined six-bedroom, four-bathroom configuration.
Where is this duplex located?
The property is located at 5428 NW 3rd Ave Miami, FL.
What is the asking price?
The asking price for this property is $1,350,000.
What are key features of this property?
This property features: 2,830 square feet across two residential units; Six bedrooms and four full bathrooms; Built in 2024 with block construction
